According to Zacks, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts. “
A number of other equities analysts have also issued reports on W. Vetr upgraded shares of Wayfair from a buy rating to a strong-buy rating and set a $42.28 target price for the company in a research report on Wednesday, September 14th. Veritas Investment Research reiterated a hold rating on shares of Wayfair in a research report on Friday, August 5th. Canaccord Genuity reiterated a buy rating and issued a $55.00 target price on shares of Wayfair in a research report on Tuesday, October 4th. Cowen and Company reiterated a buy rating and issued a $61.00 target price on shares of Wayfair in a research report on Tuesday, June 21st. Finally, Bank of America Corp. lowered shares of Wayfair from a buy rating to a neutral rating and decreased their target price for the company from $54.00 to $45.00 in a research report on Wednesday, August 10th. Fourteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $51.42.
Shares of Wayfair (NYSE:W) opened at 36.59 on Wednesday. The stock has a 50 day moving average of $39.54 and a 200 day moving average of $40.08. Wayfair has a 1-year low of $28.85 and a 1-year high of $50.00. The stock’s market cap is $3.11 billion.
Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The firm earned $755.70 million during the quarter, compared to analyst estimates of $782.43 million. During the same period last year, the business earned ($0.15) EPS. The firm’s revenue was up 60.0% on a year-over-year basis. Equities research analysts forecast that Wayfair will post ($1.67) EPS for the current year.
In related news, insider Steven Conine sold 2,008 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $40.10, for a total transaction of $80,520.80. Following the transaction, the insider now owns 2,008 shares of the company’s stock, valued at $80,520.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Steve Oblak sold 1,125 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $39.22, for a total transaction of $44,122.50. Following the transaction, the senior vice president now directly owns 95,884 shares in the company, valued at approximately $3,760,570.48. The disclosure for this sale can be found here. 63.94% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of W. Samlyn Capital LLC purchased a new position in Wayfair during the first quarter worth approximately $31,237,000. Goldman Sachs Group Inc. increased its stake in shares of Wayfair by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 50,569 shares of the company’s stock valued at $2,185,000 after buying an additional 9,595 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Wayfair by 27.0% in the first quarter. TIAA CREF Investment Management LLC now owns 144,046 shares of the company’s stock valued at $6,226,000 after buying an additional 30,651 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Wayfair by 4.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 555,160 shares of the company’s stock valued at $23,994,000 after buying an additional 25,347 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Wayfair by 15.4% in the second quarter. Jennison Associates LLC now owns 1,315,287 shares of the company’s stock valued at $51,296,000 after buying an additional 175,058 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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